Overview of Balance Sheet in MargBooks

Process to View Balance Sheet in MargBooks

Overview of Balance Sheet in MargBooks

• In MargBooks, the Balance Sheet report provides a comprehensive view of the company's financial position as of a selected date by displaying its Assets, Liabilities, and Capital. It helps users analyze the financial health of the business and determine whether the total assets are balanced with the total liabilities and owner's equity. Users can also share the Balance Sheet report through various sharing options, export it in formats such as Excel or PDF, as per their business requirements.

Process to View Balance Sheet in MargBooks

• Go to 'Reports'.

• A 'Combined Report' window will appear.

• Select ‘Balance Sheet' option under ‘Accounts Rrport > Final Account’ tab.

• User will view 'Stock Valuation pop-up.
• In the Stock Valuation pop-up, the user can select the Current Date option to view the stock valuation updated as of the current date in the Balance Sheet.
• The user can select the All Days option to view the stock valuation from the beginning of the financial year up to the current date.

• A 'Balance Sheet' window will appear.

• The user can view the Liabilities and Assets according to the selected financial year.

• User will click on ‘Expand All’ button to view report in detail.

• The user can view the Balance Sheet report in detail.

• If the user needs to view any component (Liabilities or Assets) in detail then bring the cursor on that particular component and press ‘Enter’ key.
• Suppose select 'Current Liabilities'.

• User can view the detailed form of that particular component.

• The user can keep pressing the 'Enter' key to view additional details.

• User can apply date wise filter to view the Balance Sheet report as per the requirement.

• A Date Filter window will appear, where the user can enter the required date range in the From and To fields.
• The user can click the 'OK' button to view the Balance Sheet for the selected date range.

• Click on 'Configuration' Button.
• The user can enable or disable the Opening Balance option as required to customize the Balance Sheet report.

• A 'Balance Sheet Configuration' window will appear in which the user can select the whether the  Balance Sheet report must viewed with the Opening Balance or not.

• The user can export the report in Excel or PDF format as per the requirement.

After following the above steps, the user can easily view, export, and share the Profit & Loss report in MargBooks.